Bessent sees oil as low as $40 post-Iran war, lower yields
- Posted on September 5, 2026
- By Business News Today
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- 1 min read
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Bessent sees oil as low as $40 post-Iran war, lower yields
Treasury Secretary Scott Bessent anticipates oil prices will fall significantly after the Iran conflict concludes. He expects crude oil to reach as low as forty dollars a barrel due to oversupply. This decline in oil prices will subsequently lower bond yields, which have recently surged. Bessent also downplayed Norway's sovereign wealth fund proposal to reduce Treasury holdings.
